It’s quite likely that every businessperson has had a disagreement with their business partner(s) at some stage. In most cases, these disagreements are resolved quickly without damaging the business. However, in some cases, shareholders become embroiled in more serious and protracted disputes, which not only affect them personally, but can also have a detrimental effect on the business.
If you find yourself in this position, it’s imperative that you seek legal advice at the earliest possible stage.
At Eldwick Law, we are proud of the open and honest advice we provide to shareholders with the intention of resolving disputes as quickly as possible, in order to limit financial and reputational damage to the business involved. Whether you are a majority or a minority shareholder, or even an interested party, you should be made aware of your legal rights so that you can properly assess the strengths and weaknesses of your position.
We can act for minority and 50/50 shareholders in a range of disputes, including (but not limited to):
• ‘Unfair Prejudice’ proceedings;
• Breach of directors’ duties;
• Underperforming directors or shareholders;
• Section 944 petitions;
• Salary disputes; and
• Derivative actions.
If you find yourself in a position where you have been excluded from the day-to-day management of the business, or you’re not receiving the dividends or profit that you are entitled to, or you feel that your fellow shareholders are operating against your interests, then you are entitled to redress under the Companies Act 2006.
Contact our expert solicitors for advice.